Federal Register / Vol. 71, No. 184 / Friday, September 22, 2006 / Notices 55547 

through the use of automated collection 

techniques or other forms of information 

technology; and (e) estimates of capital 

or start-up costs and costs of operation, 

maintenance, and purchase of services 

to provide information. 

Approved: September 13, 2006. 

Larnice Mack, 

IRS Reports Clearance Officer. 

[FR Doc. 06–8007 Filed 9–21–06; 8:45 am] 

BILLING CODE 4830–01–P 

DEPARTMENT OF THE TREASURY 

Office of Thrift Supervision 

Submission for OMB Review; 

Comment Request—Fiduciary Powers 

of Federal Savings Associations 

AGENCY: Office of Thrift Supervision 

(OTS), Treasury. 

ACTION: Notice and request for comment. 

SUMMARY: In accordance with the 

requirements of the Paperwork 

Reduction Act of 1995 (44 U.S.C. 3507), 

OTS may not conduct or sponsor, and 

the respondent is not required to 

respond to, an information collection 

unless it displays a currently valid OMB 

control number. Today, OTS is 

submitting proposed revisions to this 

collection of information to OMB for 

review and approval. 

DATES: Submit written comments on or 

before October 23, 2006. 

ADDRESSES: Send comments, referring to 

the collection by title of the collection 

or by OMB approval number, to OMB 

and OTS at these addresses: Office of 

Information and Regulatory Affairs, 

Attention: Desk Officer for OTS, U.S. 

Office of Management and Budget, 725–

17th Street, NW., Room 10235, 

Washington, DC 20503, or by fax to 

(202) 395–6974; and Information 

Collection Comments, Chief Counsel’s 

Office, Office of Thrift Supervision, 

1700 G Street, NW., Washington, DC 

20552, by fax to (202) 906–6518, or by 

e-mail to 

infocollection.comments@ots.treas.gov. 

OTS will post comments and the related 

index on the OTS Internet Site at 

http://www.ots.treas.gov. In addition, 

interested persons may inspect 

comments at the Public Reading Room, 

1700 G Street, NW., by appointment. To 

make an appointment, call (202) 906–

5922, send an e-mail to 

public.info@ots.treas.gov, or send a 

facsimile transmission to (202) 906–

7755. 

FOR FURTHER INFORMATION CONTACT: For 

further information or to obtain a copy 

of the submission to OMB, please 

contact Marilyn K. Burton, OTS 

Clearance Officer, at 

marilyn.burton@ots.treas.gov, (202) 

906–6467, or facsimile number (202) 

906–6518, Litigation Division, Chief 

Counsel’s Office, Office of Thrift 

Supervision, 1700 G Street, NW., 

Washington, DC 20552. 

SUPPLEMENTARY INFORMATION: OTS may 

not conduct or sponsor, and 

respondents are not required to respond 

to, an information collection, unless the 

information collection displays a 

currently valid OMB control number. As 

part of the approval process, we invite 

comments on the following information 

collection. 

Title of Proposal: Fiduciary Powers of 

Federal Savings Associations. 

OMB Number: 1550–0037. 

Form Number: OTS Form 1240. 

Regulation requirement: 12 CFR 

550.70(a), (b), and (c); 12 CFR 550.80 

through 120; 12 CFR 550.125. 

Description: OTS must know when a 

Federal savings association is acting in 

a fiduciary capacity in order to establish 

effective oversight of those activities. 

This comment request addresses 

revisions to OTS Form 1240—

Application for Fiduciary Powers. The 

form is being revised to update the 

information OTS requires in order to 

make a determination whether to 

approve or deny an application for 

fiduciary powers. 

12 CFR 550.70(a) requires that a 

Federal savings association that wants 

to conduct fiduciary activities for the 

first time, and for which OTS has not 

previously approved an application 

submitted under this part, must obtain 

prior approval from OTS before it may 

conduct the activities. 12 CFR 550.70(b) 

requires that a Federal savings 

association that wants to conduct 

fiduciary activities that are materially 

different from the activities that OTS 

has previously approved for it, 

including fiduciary activities that OTS 

has previously approved that have not 

been exercised for at least five years, 

must obtain prior approval from OTS 

before it may conduct the activities. 12 

CFR 550.80 through 120 describe the 

process for obtaining OTS approval of 

the application for fiduciary powers. 

Instructions for filing the application are 

found at 12 CFR part 516, subpart A. 

In addition, § 550.70(c) of OTS’s 

regulations requires that a Federal 

savings association that wants to 

commence in new State fiduciary 

activities that are not materially 

different from those that OTS has 

already approved, must file a notice 

with OTS. Instructions for filing the 

notice are found at 12 CFR 550.125. 

On April 28, 2006, OTS published a 

notice of its intent to revise this 

information collection (71 FR 25281). 

No comments were received. 

Type of Review: Revision. 

Affected Public: Federal savings 

associations. 

Estimated Number of Respondents: 

Application—12 respondents; Notice—

10 respondents. 

Estimated Number of Responses: 

Application—12 respondents; Notice—

10 respondents. 

Estimated Burden Hours per 

Response: Application—27 hours; 

Notice—3 hours. 

Estimated Frequency of Response: 

Event-generated. 

Estimated Total Burden: 354 hours. 

Clearance Officer: Marilyn K. Burton, 

(202) 906–6467, Office of Thrift 

Supervision, 1700 G Street, NW., 

Washington, DC 20552. 

OMB Reviewer: Desk Officer for OTS, 

fax: (202) 395–6974, U.S. Office of 

Management and Budget, 725–17th 

Street, NW., Room 10235, Washington, 

DC 20503. 

Dated: September 18, 2006. 

Deborah Dakin, 

Senior Deputy Chief Counsel, Regulations and 

Legislation Division. 

[FR Doc. 06–7970 Filed 9–21–06; 8:45 am] 

BILLING CODE 6720–01–P 

DEPARTMENT OF VETERANS 

AFFAIRS 

Veteran’s Advisory Committee on 

Education; Amendment—Notice of 

Meeting 

The Department of Veterans Affairs 

gives notice under Public Law 92–463 

(Federal Advisory Committee Act) that 

the Veterans’ Advisory Committee on 

Education will meet on October 5–6, 

2006. The meeting will be held at VA 

Central Office, 810 Vermont Avenue, 

NW., Washington, DC in Room 530. The 

sessions will convene at 8:00 a.m. each 

day. On October 5, the session will end 

at 4 p.m., and on October 6 at 12 noon. 

The meeting is open to the public. 

The purpose of the Committee is to 

advise the Secretary of Veterans Affairs 

on the administration of education and 

training programs for veterans, 

servicepersons, reservists, and 

dependents of veterans under Chapter 

30, 32, 35, and 36 of title 38, and 

Chapter 1606 of title 10, United States 

Code. 

On October 5, the session will begin 

with opening remarks and an overview 

by Mr. James Bombard, Committee 

Chair. In addition, this session will 


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